Ansys to Buy Software Firm AGI for $700 Million

Cash-and-stock deal to boost Ansys’s aerospace customer base
Deal expected to add up to $85 million in non-GAAP revenue

The OSIRIS-REx mission’s touch-and-go sample collection from asteroid Bennu’s surface.Source: NASA

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By Liana Baker

October 26, 2020 at 1:05 PM UTC

Updated on

October 26, 2020 at 2:33 PM UTC

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Ansys Inc., a company that makes software used by the aerospace and manufacturing sectors, is acquiring privately backed Analytical Graphics Inc. for $700 million, according to a statement.

Ansys said it will pay 67% in cash and 33% in stock for AGI, which is based in Exton, Pennsylvania, and makes software used in space missions. The deal is expected to close in the fourth quarter.